Sangamo officer withholds 1,919 shares for taxes
Sangamo Therapeutics’ Principal Accounting Officer, Nikunj Jain, reported a routine tax-withholding transaction tied to restricted stock unit (RSU) vesting.
Rhea-AI Filing Summary
Sangamo Therapeutics’ Principal Accounting Officer, Nikunj Jain, reported a routine tax-withholding transaction tied to restricted stock unit (RSU) vesting. On May 25, 2026, 1,919 shares of common stock were surrendered to the company at $0.1743 per share to cover mandatory taxes.
This disposition was required under the company’s 2018 Equity Incentive Plan and was not an open-market trade. After this withholding, Jain directly holds 235,292 shares. The RSU grant that partially vested on this date delivered 2,742 shares, with 32,633 additional shares scheduled to vest in seven equal quarterly installments, subject to continued service.
Positive
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Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,919 | $0.1743 | $334.48 |
Footnotes (2)
- F1. Represents shares underlying the portion of an RSU grant that vested on May 25, 2026, which were surrendered by the Reporting Person solely for mandatory tax withholding purposes using the Issuer's closing stock price on May 25, 2026 of $0.1743/share, pursuant to the terms of the 2018 EIP. This required tax withholding transaction is deemed to constitute a disposition of these shares to the Issuer for reporting purposes and does not represent a discretionary trade by the Reporting Person in the open market or otherwise.
- F2. Includes: 2,742 shares from the May 25, 2026 vesting installment of the Reporting Person's February 25, 2025 RSU grant and the remaining 32,633 shares will vest in 7 successive equal quarterly installments thereafter. The vesting of all such RSU grants is subject to the Reporting Person's Continuous Service (as defined in the 2018 EIP) through each such date and subject to acceleration as provided in the 2018 EIP.
Key Figures
Key Terms
RSU financial
mandatory tax withholding financial
2018 EIP financial
Continuous Service financial
FAQ
What did Sangamo (SGMO) officer Nikunj Jain report in this Form 4?
Is the Sangamo (SGMO) Form 4 transaction an open-market sale by Nikunj Jain?
What are the vesting terms of Nikunj Jain’s RSU grant at Sangamo (SGMO)?
What role does Nikunj Jain hold at Sangamo (SGMO) in this Form 4?
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